DE SCHANS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DE SCHANS
Largest movements
- Current investments -€1.3m
down €1.3m (-17.8%), from €7.2m to €6.0m
- Cash +€466,777
up €466,777 (+316.6%), from €147,431 to €614,208
mainly Current investments (+€1.3m) and Debts after one year (+€250,000)
- Receivables after one year +€392,250
up €392,250 (+62.9%), from €623,500 to €1.0m
- Tangible fixed assets -€157,646
down €157,646 (-8.7%), from €1.8m to €1.7m
of which Land and buildings: -€157,646
- Reserves -€783,888
down €783,888 (-32.8%), from €2.4m to €1.6m
- Debts after one year +€250,000
new in 2025: €250,000
- Financial income +€122,366
up €122,366 (+42.8%), from €286,114 to €408,481
- Financial charges -€16,604
down €16,604 (-28.5%), from €58,307 to €41,704
of which Financial charges: -€26,887
- Gross operating margin -€13,888
down €13,888 (-21.1%), from -€65,943 to -€79,831
- Taxes +€8,523
up €8,523 (+71.3%), from €11,954 to €20,477
- Other operating charges +€3,192
up €3,192 (+26.0%), from €12,283 to €15,476
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,001,299 | €9,467,603 | -€533,696 | -5.3% |
| Fixed assets | 21/28 | €1,909,598 | €1,751,951 | -€157,646 | -8.3% |
| Tangible fixed assets | 22/27 | €1,811,598 | €1,653,951 | -€157,646 | -8.7% |
| Land and buildings | 22 | €1,560,059 | €1,402,412 | -€157,646 | -10.1% |
| Plant, machinery and equipment | 23 | €251,539 | €251,539 | = | 0.0% |
| Financial fixed assets | 28 | €98,000 | €98,000 | = | 0.0% |
| Current assets | 29/58 | €8,091,701 | €7,715,651 | -€376,050 | -4.6% |
| Amounts receivable after more than one year | 29 | €623,500 | €1,015,750 | +€392,250 | +62.9% |
| Other amounts receivable | 291 | €623,500 | €1,015,750 | +€392,250 | +62.9% |
| Amounts receivable within one year | 40/41 | €65,639 | €129,223 | +€63,584 | +96.9% |
| Other amounts receivable | 41 | €65,639 | €129,223 | +€63,584 | +96.9% |
| Current investments | 50/53 | €7,246,867 | €5,956,471 | -€1.3m | -17.8% |
| Cash at bank and in hand | 54/58 | €147,431 | €614,208 | +€466,777 | +316.6% |
| Deferred charges and accrued income | 490/1 | €8,264 | €0 | -€8,264 | -100.0% |
| Total equity and liabilities | 10/49 | €10,001,299 | €9,467,603 | -€533,696 | -5.3% |
| Equity | 10/15 | €9,893,716 | €9,109,828 | -€783,888 | -7.9% |
| Contributions | 10/11 | €7,504,000 | €7,504,000 | = | 0.0% |
| Reserves | 13 | €2,389,716 | €1,605,828 | -€783,888 | -32.8% |
| Distributable reserves | 133 | €2,389,716 | €1,605,828 | -€783,888 | -32.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,583 | €357,775 | +€250,192 | +232.6% |
| Amounts payable after more than one year | 17 | - | €250,000 | +€250,000 | |
| Financial debts | 170/4 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €104,528 | €105,086 | +€558 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €32,337 | €52,263 | +€19,926 | +61.6% |
| Suppliers | 440/4 | €32,337 | €52,263 | +€19,926 | +61.6% |
| Taxes, remuneration and social security | 45 | €48,596 | €2,700 | -€45,896 | -94.4% |
| Taxes | 450/3 | €48,596 | €2,700 | -€45,896 | -94.4% |
| Other amounts payable | 47/48 | €23,595 | €50,122 | +€26,528 | +112.4% |
| Accrued charges and deferred income | 492/3 | €3,055 | €2,689 | -€366 | -12.0% |
| Remuneration, social security and pensions | 62 | €2,157 | €960 | -€1,197 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,928 | €12,769 | -€3,159 | -19.8% |
| Other operating charges | 640/8 | €12,283 | €15,476 | +€3,192 | +26.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€65,943 | -€79,831 | -€13,888 | -21.1% |
| Operating profit (loss) | 9901 | -€96,312 | -€109,036 | -€12,724 | -13.2% |
| Financial income | 75/76B | €286,114 | €408,481 | +€122,366 | +42.8% |
| Recurring financial income | 75 | €286,114 | €408,481 | +€122,366 | +42.8% |
| Financial charges | 65/66B | €58,307 | €41,704 | -€16,604 | -28.5% |
| Recurring financial charges | 65 | €58,307 | €31,420 | -€26,887 | -46.1% |
| Non-recurring financial charges | 66B | - | €10,283 | +€10,283 | |
| Profit (loss) for the period before taxes | 9903 | €131,495 | €257,740 | +€126,246 | +96.0% |
| Income taxes | 67/77 | €11,954 | €20,477 | +€8,523 | +71.3% |
| Profit (loss) for the period | 9904 | €119,541 | €237,263 | +€117,722 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,541 | €237,263 | +€117,722 | +98.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.